About your Search

20121027
20121104
STATION
KQEH (PBS) 18
LANGUAGE
English 18
Search Results 0 to 17 of about 18 (some duplicates have been removed)
of the richehe from tax statistics in early 20th century we neverc saw as large share of national income going to the richest. one in 1,000 households as we did just before the great recession. their share of national income quadrupled over this period to the point where they were pulling down about 1 in $8 in our economy. one in 1,000 households pulling down about 1 in $8 in our economy before the great recession began. >> you set one to try to solve three mysteries. who done it, who created the circumstances and conditions for the creation of a winner take all economy. and your answer to that one sentence is? >> american politics did it far more than we could believed when we started this research. what government has done and not done and the politics that produced it really at the heart of the rise of an economy that has showered huge riches on the very, very, very well off. >> it's politics, stupid? >> exactly. >> and how did they do it? >> through organized combat is the ort answer. >> and why does they do it? >> because they could. because the ortransformation of the political organizat
-- the combination of tax hikes and government spending cuts scheduled to take affect in january. our market monitor this week says plan now for higher taxes soon, and higher interest rates eventually. duncan richardson is chief investment officer at eaton vance management. he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fisca cliff that we're going to go over? c not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher ta s either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there a t great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthookso can outperform in a rising interest rate environment-- which is another thing we're worried a
to increase taxes, where, where governor romney is not if he's elected presint. that's an important issue distinctiont coming into the last debate, the annenberg survey showed that the public thought that governor ct romney was more likely to take the country into a war, than was president obama. but the public also believed that president obama had gone around the world apologizing. now in the last debate, governor romney reassured that he was not as likely to take people into war as they had thought in that debate. and i think that was a calculated strategy on his part. now, you could say, "and it was illegitimate. you secretly know that he was more likely." but nonetheless, what we can measure is whether they get what he said he was going to do in the context. and i think that president obama responded to the apologizing around the world claim in a i mber of ways that were effective as well. and i think one of the things that we can say about debas making a difference is that, had there been debat in the i ldwater/johnson election, had there been debates in the mcgovern/nixon election
into buyers. >> tom: then, from tax hikes to corporate earnings worries,o tonight's "market monitor" guest says investors are facing a cliff of concern. robert stovall of wood asset manament joins us. >> susie: that and more tonight on "n.b.r."!me >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by conumers, the federal government and the housing c sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years post great recessi , it should be a lot better., experts call it a side-ways economy, one that is unabltona create enough jobs to bring down the nation's stubborn unemployment rate. but, people on the streets
governor romney would manage to cu income tax rates by 20% without increasing the deficit? or which tax deductions he would eliminate? or specifically, how he's going to create the 12 million j is he's promised? or what barack obama's going to do in his second term? do you have any sense of that? >> well, in the case of the 12 million jobs, as we know, you don't have to do anything and you'll get 12 million jobs. any number of economists and moody's analytics have predicted that simply by keeping present policies in place, 12 million jobs will be created over that period.s so it's not much of a boast. as for the tax policy, my guess is that he doesn't know and he is just saying this.s. he has said he wants to cut taxes -- rates by 20%. and i believe he does and would. but when you ask him why that won't be a $5 trillion increase in the deficit, he says -- and i ove the third person, "if mitt romney says there won't be an increase in the deficit, there won't be. that's why and how." >> i know how he could, because some of the studies he cites make assumptions that would let him become re
tax measure, though he apparently didn't think he was. that's another story. and yet tom, the hedge fund manager, financing prop 39, i think that's the only one that looks safe at this point. nd up got to wonder, i mean, what is it they want? do they see a civic duty, do they see a political futureti f them? tom, they wonder what he's going to do. but jerry brown is a guy who has been vexed by the munger fami. in this race. right? molly munger's prop 38 could be drawing support away from him and her brother charlie munger is financing the campaign apparently to kill his tax measure. >> belva: did one of them put more money in this week? >> the brother, charles, into this political action committee called the small business action committee. i'm not sure there are any small businesses involved in it. that's been fueling this no on 30, yes on 32 mix. this is a tremendous amount of money. and i don't think any of us who watch california politics, the folks there in the c studio or , are surprised this is where we're going. it ise big money politics in california. >> john i'm curious i
get a solid policies that's predictable the economy grows. and when we have tax reform we get tax rate downs that estimate-- stimulates incentives to hire people te really is basic economics. that why this is tragic. applying basic economie thonomies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what th president you work for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george 2 bush followed the policies very similar to what mitt romney is proposing, they actually added more than 1 million fewer private sect jobs ifct george bush's fit term than president obama has undethis first term so i really do not think that the basic economics or their history says that just going back to deregulation and high rate-- high incomba rate cuts is the thing that leads to growth.nc >> brown: and do you think p
berlusconi, was convicted of tax fraud todans ad sentenced to four years in prison.to a court in milan ruled the media mogul and others were behind a scheme to buy the rights to broadcast u.s. movies on berlusconi's tv networks, using offshore companies and avoiding taxes. berlusconi immediately denounced the ruling and vowed to fight it. he'll remain a free man while he goes through the appeals process. in u.s. economic news, stocks finished flat on wall street today. the dow jones industrial average gained more than three pois to close at 13,107. the nasdaq rose nearly twos points to close just under 2,988. for the week, the dow lost nearly 2%; the nasdaq fell more than half a percent. those are some of the day's major stories. now, back to judy. >> woodruff: for more than two decades, microsoft has been a dominant force in the worlds of business and technology. but its position has been challenged and, in some ways, surpassed by ale, google and others in recent lears. some question its ability to innovate. now, microsoft is facing a pivotal moment and a crucial test, as ray suarez reports
've seen. >> tax cuts for the rich? that the answer? >> romney has not demonstrated th he has tha better solution than what oba has already offered. >> john, obama has not that is e took office in four years. >> it come up. >> four years he hasn't had a better month. >> the economy has improved, it's getting better, but -- >> slowly -- >> improvingowell. we've added $4.5 trillion to the debtviof ofthis country. it is almost 230 -- excuse me a said. it took us 230 years to run up that deficit. we are going to have to pay it back and pay interest. >> i'm sure we don't want to take more money out of the economy. >> i don't want to spend it unwisely which is what this administration is doing. >> $16 trillion. he started out with 12 trlion. >> 11 trillion. >> and built it up to 16. >> that's right. >> i don't remember them talking about when george bush wasli paying out money -- >> medicare prescription drug program. >> the country rejected the republican party when they did it, and they shouldn't when owe palm does worse. >> a little -- obama does worth. >> a d little late. >> issue 3, obama
provides in order to pay for it. democrats tend to want to tax a little more for that or add to the deficit because ofhe emergency. >> ifill: chris christie as the governor of new jersey who the president will be traveling with tomorrow looking at hurricane damage, you can only assume that that will be many levels interpretation of that particular meeting. he said he would likehe to reschedule halloween but it's not possible to reschedule an election, is it? >> it is technically possible to reschedule elections on ae state-by-state basis but i don't think we're going to need that. t date on which the election d is held actually set by federal law ratherhan the constitution. congress could change that datee there's actually provision for, if a state doesn't get it vote in on time,ot bacally for the state legislature to maca a decision about which electors to end to vote for president. so there are actually ways v for that to happen. i just don't think anybody is that the a point right now. >> ifill: if you'reys in massachusetts or connecticut a your constituents don't have power, they're not
from fossil fuel interests that'sne reon heon even opposes a clean energy tax credit for wind. obama, i think, is just misreading the polls entirely. the latest pollingt shows that - i think ken is right. when global warming becomes local that the public comes concerned about it. that's why the polls in the last two years have shown the public increasingly concerned and this is particularly true of independent voters also. they are i very concernry about their local pollution but also the extreme weather that they've been seeing. who could miss $14 billion extreme weather disasters in this country last year and over $7 this year. everyone sees the weather is going crazy and it's affecting them. it's not going to be affecting distant people in a distant land a distant time from now. it's happening here and now. >> suarez: joseph romm, kenneth green, gentlemen, thank you both. >> thank you. >> thank you. >> suarez: we've rounded up all of our reporting on these issues on our "coping with climate change" pagen our web site. take a look.n >> ifill: and we turn to the final days of the presi
. >> narrator: he had changed his rhetoric on gun rights, gay rights, climate change and the tax pledge. he lost in iowa, new hampshire and florida. just one month into the primaries, romney's campaign was over. i entered this race because i love america. i feel i have to now stand asido for our party and for our country. >> narrator: romney had fallen short, unable to secure the presidenal nomination. (crowd chanting): mitt! mitt! >> the mitt romney in 2008 wasid partly a politician and very much a business person and totally a novice to what it meant to be a national candidate. >> narrator: he had spent $45 million of his own money on the campaign. >> on the plane back to boston, following his announcement, he turned to me and he said, "eric, what are you going to do? we've got to figure out what our people are going to do. they're going to be moving on into other jobs." this was not a person who was thinking about running again for president. i think he felt he had his opportunity and the door had closed to him. os >> it's a whole new political world the prent. >> nrator: nembe 20. >> an hist
Search Results 0 to 17 of about 18 (some duplicates have been removed)

Terms of Use (10 Mar 2001)